The peak value of bitcoin could likely be determined by government action against it when prices of the cryptocurrency value triples even though it is difficult to say when and how high the value of bitcoin would rise, said Citi analysts to its clients.    Citi argued that...

The Bank for International Settlements (BIS) found that the effect of injecting money into the economy through the purchase of securities by central banks is weakening over time, Bloomberg writes. Such a conclusion is contained in the working report of the BIS prepared by Henning Hesse, Boris...

The tax overhaul by the Trump administration in the U.S. would result in a write down of about 1 billion pounds ($1.34 billion) on the annual profits after tax for Barclays bank, the company said in a recently published statement.    The value of the deferred tax assets of the bank...

China did not export petroleum products to North Korea in November, according to Chinese customs officials, probably by trying their best to adhere to the sanctions imposed by the UN against the DPRK, Reuters reports. The tension broke out in connection with the continuing nuclear and missile...

Companies that are engaged in the business of retail trading need to make sue the ever-increasing number of online transactions are made faster, are more accurate and secure. And in order to achieve those, it is imperative that the chains that connect the dots of inventory and the selling websites,...

Those stocks that have railed in 2017 as investors rushed to get hold of technology and other stocks that are believed to be high-growth ones, could be the ones that could attract bargain-hunting investors heading into 2018even as highest levels since 2002 were reached for price/earnings multiples...

Carney thinks that pushing crypto-currency for the public use by central banks could risk “financial stability”. According to the governor of BoE, Mark Carney “fundamental problems lie with the “idea of a digital currency issued by a central bank” for public use.   Some economists have...

After its phenomenal rise to cross the $20,000 mark, cryptocurrency bitcoin lost about a third of its value in just five days as it dived below $13,000 on Friday. This week appears to be the worst for the virtual coin since 2013.   Bitcoin touched $19,666 at the Luxembourg-based Bitstamp...

OPEC has started working on a strategy to exit the deal to reduce production from producers outside the cartel, Reuters reports citing two sources in OPEC. OPEC and a group of non-cartel producers agreed on November 30 to extend the agreement to reduce production by the end of 2018 to reduce...